Is South Charleston, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, South Charleston has remained a Seller's Market.
Key Takeaway
South Charleston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Charleston, WV
How much do homes in South Charleston, WV cost?
Median Sold Price
$169,750
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Charleston have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in South Charleston was $169,750 in May 2024, up 6.1% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $104.1K | N/A |
| 2 Bedrooms | $102K | $119.2K | +16.9% |
| 3 Bedrooms | $155K | $153.7K | -0.8% |
| 4 Bedrooms | $240K | $246.5K | +2.7% |
| 5+ Bedrooms | $384K | $400K | +4.2% |
Summary: South Charleston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.9%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Charleston | $171.4K | $195.3K | +13.9% |
| South Charleston | $160K | $169.7K | +6.1% |
| Dunbar | $125K | $126.7K | +1.4% |
Housing Supply in South Charleston, WV
How many homes are available in South Charleston, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 58 | +9.4% |
Summary: The South Charleston real estate market had 58 homes for sale in May 2024, a 9.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 27 | 32 | +18.5% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The South Charleston housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 18.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 15 | +66.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Charleston, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in South Charleston in May 2024, up by 66.7% month-over-month. Of the 15 sold homes, 53% were sold under asking, 13% were sold at asking, and 33% were sold over asking.
Days on Market for South Charleston, WV
How long does it take to sell a home in South Charleston, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 26 Days | +17.6% |
Summary: Homes in South Charleston had an average of 26 days on market in May 2024, up by 17.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Charleston are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in South Charleston; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
